Barely fifteen minutes have passed since the start of today’s session and the stock of Save The World Air, Inc. (OTC:ZERO) has already shot up 20%. Do not let yourselves be misled – ZERO is being pumped by a twenty-thousand-dollar paid promotion.
While it took ZERO a whole session to gain 21% in value yesterday on a volume of approx. 162 thousand, it has so far achieved pretty much the same result in just under 20 minutes of trade. In addition, more than 267 thousand shares of common ZERO stock have already changed hands within this time frame. Is this a direct consequence of the newly published press release or, alternatively, the expected outcome of the latest promotion in favour of ZERO?
According to our newsletter database, two advertising emails sent by one and the same promoter reached investors’ mailboxes earlier today. A total of $20 thousand were reported to have been invested in the campaign.
ZERO finished the fiscal year ended Dec. 31, 2012 with:
- cash reserves in excess of $617 thousand;
- $780K in assets vs. $3.9M in liabilities;
- zero revenue and an annual net loss of $10.8 million.
The figures mentioned above speak for themselves – the only way ZERO could enjoy an upward trend on the charts is through paid pump-and-dump schemes, at least for the time being.
